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Startups & Venture·August 26, 2026·1 min read

Lots of PE 'Zombie' Investments: Jeffries' Greenberg

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PE sitting on zombie software and AI bets with no clear exit means secondary deals and roll-ups will accelerate, often at compressed valuations. If you’re a founder or operator in these portfolios, expect more pressure to show AI leverage quickly—or to become acquisition currency for platforms that can.

Startups & Venture

AI assistant Instinct is raising a $250M Series B co-led by Index Ventures and Benchmark at a $2.5B valuation, bringing its total raised to $350M

$250M at a $2.5B valuation for an email-and-tasks assistant says capital still believes in horizontal AI agents despite brutal competition from incumbents. If you’re building in this lane, assume the bar is now “distribution hack or deep workflow lock-in” — not just UX polish on the same inbox triage story.